Glossary entry (derived from question below)
Jan 10, 2007 07:01
17 yrs ago
7 viewers *
German term
Patron
German to English
Bus/Financial
Finance (general)
What is the proper English term for the "benefactor" who is to provide the financial backing specified in a letter of comfort? In the text I'm looking at, the benefactor is not the parent company of a subsidiary, so I can't use "parent company".
Proposed translations
(English)
| 4 | Guarantor |
DC Josephs
|
| 3 | issuer of a letter of comfort/support |
Ken Cox
|
| 2 | letter of support |
Jonathan MacKerron
|
Change log
Jan 10, 2007 07:24: Steffen Walter changed "Term asked" from "patron" to "Patron"
Jan 10, 2007 07:24: Steffen Walter changed "Field (specific)" from "Accounting" to "Finance (general)"
Proposed translations
2 hrs
Selected
Guarantor
Zahn Bank- und Börsenwesen offers "guarantor" for "Patronatsgeberin" and "Patronin" (I guess they're assuming that the guarantor is a company). This seems to meet your context (btw, the more context you put in your question, the more likely you are to get an answer :-)
4 KudoZ points awarded for this answer.
Comment: "Thanks"
1 hr
Jonathan MacKerron
Native in English
Retired as of Jan 2019!
Native in: English
Works in: German to English, French to English
Related KudoZ points
:
127
letter of support
is what Dietl/Lorenz calls a Patronatserklärung
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Note added at 1 hr (2007-01-10 08:55:02 GMT)
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Langenscheidt proposes "founder", perhaps it simply means "owner, proprietor" or such like here??
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Note added at 1 hr (2007-01-10 08:55:02 GMT)
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Langenscheidt proposes "founder", perhaps it simply means "owner, proprietor" or such like here??
Note from asker:
| Thanks, but I was really interested in the "Patron" part of the sentence. |
2 hrs
issuer of a letter of comfort/support
A Patronatserklärung is apparently very specific to German law, as you probably already know. Schäfer provides a fairly extensive explanation of the term, and gives 'issuer of a letter of comfort' as the translation of 'Patron'.
ref:
Die Patronatserklärung ist eine besondere Form der Sicherung vor allem von ... Wird die Patronatserklärung, die die Muttergesellschaft gegenüber der der ...
ruessmann.jura.uni-sb.de/ Kredit/Ausarbeitungen/patronat.htm
ref:
Die Patronatserklärung ist eine besondere Form der Sicherung vor allem von ... Wird die Patronatserklärung, die die Muttergesellschaft gegenüber der der ...
ruessmann.jura.uni-sb.de/ Kredit/Ausarbeitungen/patronat.htm
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